Alas financial difficulties of any BEV manufacturer affects all we who want to see a successful co-existence/transition with/from ICE.

 

This is what happens when capacity is added and plant utilization is low.

 

Wow! Impressive BBC squeezed a whole story out of these the lines Musk quipped during a longer interview.

BBC News - New Tesla factories losing billions of dollars, Musk says

New Tesla factories losing billions of dollars, Musk says

Elon Musk said the Covid-19 lockdown in Shanghai was "very difficult" for the electric car maker.

www.bbc.co.uk

 

It doesn't take a genius to surmise that building two gigafactories to crank out an even more expensive aging model while simultaneously betting the farm on new, unproven manufacturing techniques in the midst of global instability is a recipe for disaster.

 

Pretty sure he meant 'losing revenue' and not actually 'losing billions'. Oil companies are probably 'losing billions' from not being able to cut supply more so they can lay off workers and raise gas prices higher for even more record profit.

 

Yeah, the oil companies are really hurting right now . . . . .

 

Who really hurts new factories are stocks holders that care less about actuall market issues. They want 15+ % 📈.

 

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